Showing posts with label Cryptocurrency. Show all posts
Showing posts with label Cryptocurrency. Show all posts
Sunday, June 28, 2020
Weekly (June 22-26) Activities KDK Options KDK Fund, more
Here is what happened in the past week for KeaneVCC.
KDK Options
The link for the week's activity can be found here. Highlights include bank ETF XLF, Bio ETF IBB, Novavax, and American Airlines.
KDK Fund
The link for the week's activity can be found here. Highlights include a very productive Virgin Galactic and more.
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence. As always, we are on Facebook, Twitter, and email through keanevcc@gmail.com**
Monday, June 22, 2020
Weekly (June 15-19) Activities (KDK Options, KDK Fund, Charity, more)
Here are the following activities that happened during the week.
KDK Options
- The link to the week's transactions can be found here. Highlights for Bank ETF XLF and Dow Jones ETF DIA.
KDK Fund
- The link to the week's transactions can be found here. Highlights include buying more Social Capital's Hedoshphere II fund and selling its stake in Microvision.
Charity
- A donation to the Karen Beasley Sea Turtle Rescue and Rehab Center was made. The link to their website can be found here.
Other recipients of KeaneVCC's charity include Shriner's Hospital of Chicago, Northeastern Illinois University, and the OER Foundation.
KDK Options
- The link to the week's transactions can be found here. Highlights for Bank ETF XLF and Dow Jones ETF DIA.
KDK Fund
- The link to the week's transactions can be found here. Highlights include buying more Social Capital's Hedoshphere II fund and selling its stake in Microvision.
Charity
- A donation to the Karen Beasley Sea Turtle Rescue and Rehab Center was made. The link to their website can be found here.
Other recipients of KeaneVCC's charity include Shriner's Hospital of Chicago, Northeastern Illinois University, and the OER Foundation.
Saturday, July 20, 2019
Innovation Weekly Update: Wow Factor, Discipline, and Grind
by Michael Keane
This week was marked by the Wow Factor, Discipline, and Grind. We had Nueralink make its announcement, Cryptocurrency all over the place, and company earnings reports that showed how they are continuing their march forward.
The Wow Factor
Earlier this week, Rachel Metz from CNN wrote (story link here) about Elon Musk's new venture, Neuralink. It is a venture looking to connect your brain with the internet through a device implanted in your brain. This is the Wow factor being introduced. Now the testing continues.
The Discipline
All things currency really were front and center this past week. Most notably, cryptocurrency and Facebook's Libra (not a designated cryptocurrency) took on a full onslaught from the US Government through hearings and press releases. One such story (link here) from The Wall Street Journal editors explain as much.
Also, in California, it was announced that the state will be deploying electric school buses throughout the state. The story link (here) is from Good News Network.
The Grind
Many companies reported earnings last week (Microsoft, Netflix, Banks, etc.) and many more report in the next few weeks (AMD, Facebook, Intel, etc.). It is clear that most companies on the innovative side of things are in a grind out their business mode. One such story from Marketwatch (link here) about its business shows some growth, but lots of grind.
That's it for this week. Can't wait for next week!
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence.*
This week was marked by the Wow Factor, Discipline, and Grind. We had Nueralink make its announcement, Cryptocurrency all over the place, and company earnings reports that showed how they are continuing their march forward.
The Wow Factor
Earlier this week, Rachel Metz from CNN wrote (story link here) about Elon Musk's new venture, Neuralink. It is a venture looking to connect your brain with the internet through a device implanted in your brain. This is the Wow factor being introduced. Now the testing continues.
The Discipline
All things currency really were front and center this past week. Most notably, cryptocurrency and Facebook's Libra (not a designated cryptocurrency) took on a full onslaught from the US Government through hearings and press releases. One such story (link here) from The Wall Street Journal editors explain as much.
Also, in California, it was announced that the state will be deploying electric school buses throughout the state. The story link (here) is from Good News Network.
The Grind
Many companies reported earnings last week (Microsoft, Netflix, Banks, etc.) and many more report in the next few weeks (AMD, Facebook, Intel, etc.). It is clear that most companies on the innovative side of things are in a grind out their business mode. One such story from Marketwatch (link here) about its business shows some growth, but lots of grind.
That's it for this week. Can't wait for next week!
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence.*
Thursday, June 27, 2019
Cryptocurrency Reaching New Heights via JP Morgan and Facebook
by Michael Keane
In 2019, cryptocurrency, and more importantly the blockchain technology behind it, has taken large steps towards societal adoption. Notably, both JP Morgan and Facebook have fully jumped in with announcements of competing currencies. We are also finding politicians becoming more and more active on the regulation side.This has a feel to it similar to the early stages of the internet.
With JP Morgan and Facebook now heavily involved, cryptocurrency is likely here to stay. Two years ago, Jaime Dimon, JP Morgan's CEO, readily came out and called cryptocurrency a fraud (CNBC story here). Not 18 months later, in a company document, he releases the JP coin (CNBC story here). As you can see, the only fraud was believing what Jamie Dimon said before. Good strategy that carries credibility issues. But here is the take away. Banks are there to manage value. They would be silly not to invest in the ability to manage cryptocurrencies in the best way they know how. To date, it is to create their own.
Facebook's situation is even more juicy. As has been documented in the past (even with a feature film The Social Network), Mark Zuckerberg has been accused of stealing Facebook from Tyler and Cameron Winklevoss. The case was settled and the brothers walked away with a settlement in the hundreds of millions of dollars. What did they do with the money? Cryptocurrency (CNBC story here). They invested heavily in infrastructure, regulation, and the currencies themselves. Now that Facebook has entered the cryptocurrency in a big way with Libra, both the Winklevoss twins and cryptocurrency as an industry have both received a big viability confirmation (CNBC story here). It also turns out that business trumps likeability as the twins and Facebook have started to mend fences.
Politicians on the other hand are nearly standing on their head trying to catch up. They have not prepared themselves for the arrival and legitimacy of cryptocurrency. They actually were just ignorant enough to listen to Dimon's comments about it being a fraud. Ooops. You better believe work is being done now though. Hearings are ramped up (CNBC story here). This side of things could get ugly as the theory behind cryptocurrency butts up against the theory of needing a government to regulate it.
The time for understanding cryptocurrency is here and will likely need to some time and practice. Don't be the ostrich.
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence.**
In 2019, cryptocurrency, and more importantly the blockchain technology behind it, has taken large steps towards societal adoption. Notably, both JP Morgan and Facebook have fully jumped in with announcements of competing currencies. We are also finding politicians becoming more and more active on the regulation side.This has a feel to it similar to the early stages of the internet.
With JP Morgan and Facebook now heavily involved, cryptocurrency is likely here to stay. Two years ago, Jaime Dimon, JP Morgan's CEO, readily came out and called cryptocurrency a fraud (CNBC story here). Not 18 months later, in a company document, he releases the JP coin (CNBC story here). As you can see, the only fraud was believing what Jamie Dimon said before. Good strategy that carries credibility issues. But here is the take away. Banks are there to manage value. They would be silly not to invest in the ability to manage cryptocurrencies in the best way they know how. To date, it is to create their own.
Facebook's situation is even more juicy. As has been documented in the past (even with a feature film The Social Network), Mark Zuckerberg has been accused of stealing Facebook from Tyler and Cameron Winklevoss. The case was settled and the brothers walked away with a settlement in the hundreds of millions of dollars. What did they do with the money? Cryptocurrency (CNBC story here). They invested heavily in infrastructure, regulation, and the currencies themselves. Now that Facebook has entered the cryptocurrency in a big way with Libra, both the Winklevoss twins and cryptocurrency as an industry have both received a big viability confirmation (CNBC story here). It also turns out that business trumps likeability as the twins and Facebook have started to mend fences.
Politicians on the other hand are nearly standing on their head trying to catch up. They have not prepared themselves for the arrival and legitimacy of cryptocurrency. They actually were just ignorant enough to listen to Dimon's comments about it being a fraud. Ooops. You better believe work is being done now though. Hearings are ramped up (CNBC story here). This side of things could get ugly as the theory behind cryptocurrency butts up against the theory of needing a government to regulate it.
The time for understanding cryptocurrency is here and will likely need to some time and practice. Don't be the ostrich.
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence.**
Friday, February 22, 2019
Blockchain Gets Major Endorsement
by Michael Keane
Last week, JP Morgan announced that it has created its own cryptocoin, the JPM Coin. Given what has been said before by the company, this was a major shift and endorsement not only for cryptocurrencies, but also a big endorsement of the blockchain technology behind it.
While Blockchain technology is absolutely still in its infancy, the announcement can be looked on as a game changer when it comes what the true perception of the technology by the big players. It harkens back to the infancy of the housing crisis, when at first the banks laughed at people like Dr. Michael Burry and Mark Baum, but then joined them in a big way while using deception announcements to keep the public at bay. Last week's announcement by JP Morgan would not have come without some testing of the technology's utility to the bank's mission and profit model. Jamie Dimon calling cryptocurrencies a "fraud" 18 months ago now looks like a delay tactic.
This announcement is also a very good indicator that average consumer uses are now ready to had in the marketplace.
The following outlets have caught the sea change in JP Morgan. Enjoy!
Cnbc article-Hugh Son
CNN Article- Matt Egen
Forbes Article - Michael del Castillo
** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence.**
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